Federal law post dating checks dating of turkana boy


09-Nov-2019 01:51

federal law post dating checks-29

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The law also prohibits the recipient of a postdated check from intentionally cashing or depositing the check prior to the check’s date if the recipient represented that postdating the check would prevent the check from being deposited or cashed prior to the check’s date.

The same law disallows an organization from making the same representation but then cashing or depositing the check without reasonable procedures in place to prevent the premature cashing of the postdated check.

The criminal case shall terminate if payment was made or assignment was established after commitment of the offence and before a final judgment was passed in respect thereof, and if such occurred after the judgment became final, it would stop execution.

If the cheque book was withdrawn by order of the court and the claimant was prohibited to optain new cheque books pursuant to article (643) of the Commercial Transaction Law.

But you can ask your bank to delay cashing a specific check, and, depending on your state and the bank, it might comply.

If you write a check and don’t have enough money in your account when it’s cashed — whether or not it’s postdated — your bank can cover the payment or let the check bounce based on its overdraft practices.

Luckily for them, Foster waits to cash postdated checks, but he isn’t legally obligated. Banks and credit unions generally state rules about postdated checks in their account disclosures.

Checks or cheques are commonly used in Dubai, Abu Dhabi, and UAE for bill payments but less frequently for day to day shopping.



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